Quotes of the currency pair Dollar/Yen USD/JPY are completing the trading week of a bullish correction within the descending channel near the 143.36 area. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance level near the 144.75 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 130.35 level.
USD/JPY Weekly Forecast April 28, 2025 — May 2, 2025
An additional signal in favor of the fall of the Dollar Yen pair in the current trading week will be a test of the descending trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the descending channel. The cancellation of the fall option for the USD/JPY pair in the current trading week from April 28, 2025 — May 2, 2025 will be a strong growth and a breakout of the 148.85 area. This option will indicate a breakout of the resistance area and continued growth of the pair on Forex to the area above the level of 153.65. Confirmation of the fall in the USD/JPY pair will be a breakout of the support area and closing of the price below the level of 140.45.
USD/JPY Weekly Forecast April 28, 2025 — May 2, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the area of 144.75. From where we should expect a continuation of the fall of the pair to the area below the level of 130.35. An additional signal in favor of the decline will be a test of the trend line on the relative strength indicator. The cancellation of the pair’s fall option will be a strong growth and a breakout of the 148.85 level. This will indicate a continuation of the pair’s rise with a potential target above the 153.65 area.
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